(Reuters) – Richmond Federal Reserve President Thomas Barkin told the Financial Times on.ft.com/3p2FEpe newspaper the U.S. economy still needed support despite fears of a jump in prices.
Barkin said he expected “short-term price volatility” but stressed he saw deflationary as well as inflationary risks on the horizon.
“I’m keeping my focus on medium-term (inflation) expectations,” Barkin said in the interview published on Monday.
“I still think there are a lot of people out of work who need a bridge to the other side, and I am supportive of what we can do to help them.”
Reporting by Kanishka Singh in Bengaluru; Editing by Chris Reese